Despite Misconceptions, ARMs Right for Many Consumers November 7, 2013 Americans love a comeback story. The chance for redemption is something everyone deserves – even when it comes to the perception of adjustable rate mortgages (ARMs). The much maligned loan program is actually beginning to play a much more prominent role in the industry helping consumers refinance and purchase homes. But didn’t ARMs contribute to the housing meltdown? No. In fact, it’s quite the opposite. An ARM is simply a mortgage structure that allows a borrower to enjoy a low rate for a fixed period of time before the interest rate begins to adjust up and down. Subprime ARM’s failed not because they had the ARM structure, but rather because the underwriting standards used to approve borrowers for those loans by some lenders was abysmal. Are ARMs for everyone? Of course not, there is never a one-size-fits all answer. But they are also not the villains they are sometimes portrayed as. If you would like to talk to Bob about ARMs, or any other topic, please contact us. Read More→
Mike Lyon: Misconceptions and Myths of Getting a Home Appraisal August 19, 2013 Quicken Loans VP of Mortgage Operations Mike Lyon discusses common misconceptions about the home appraisal process and what homeowners can do to get the most value from their home. Read More→
HARP extension welcome news to millions of underwater homeowners April 12, 2013 The FHFA announcement to extend the HARP deadline to 2015 is much needed for the estimated 2.7 million underwater homeowners who are eligible and still able to benefit by refinancing. Read More→
Markets and Musings: Culture is key in Quicken Loans’ record breaking year January 9, 2013 Quicken Loans CEO Bill Emerson discusses how the company’s focus on culture helped it close a record $70 billion in home loan volume in 2012. Read More→
Homebuyers going bigger as rates go lower November 13, 2012 With historically low interest rates and record high home affordability, consumers are in an enviable position like we have rarely seen. They are now able to purchase larger homes, for lower costs and be perched in a great position to benefit from a slowly recovering housing market. Read More→
Chief Economist Bob Walters: Now is the time to buy a home May 17, 2012 Quicken Loans Chief Economist discusses why now is the best time to get off the fence and purchase a home even among a difficult housing market. Read More→
Quicken Loans CEO Bill Emerson: Technology is the Future of Mortgage Market April 5, 2012 In the third of a monthly video series, Markets and Musings, Quicken Loans CEO Bill Emerson offers his outlook for the mortgage market and technology’s importance in maintaining a high-level of client service in an industry which has often lacked it. Read More→
Quicken Loans Chief Economist Bob Walters Offers Tips to Pay Off Your Home March 19, 2012 Mortgage burning parties are back. In the second of a monthly video series, Markets and Musings, Quicken Loans Chief Economist Bob Walters discusses the steps homeowners can take to pay off their home, including bringing cash to the closing table or shortening their loan term. Please contact us if you would like to speak to Bob about the growing number of homeowners paying off their home. Read More→